Changepartners Private Equity

Name	Business Description	Investment Date	Position	Vehicle Used
WINREST, SGPS, S.A.	Development, marketing and distribution of software and some hardware for restaurants and cafes (mainly for front office).	03/07/30	50%	Fast Change
STOPLINE Films, Lda.	Stopline is an independent production company of movies and series for cinema and television.	04/04/30	45%	Fast Change
MASTERGUARDIAN, Sistemas de Segurança, Lda.	Masterguardian develops and distributes security systems. Its product has advanced features in the area of Home & Business Security.	04/12/28	50%	Fast Change
FLUIDINOVA Engenharia de Fluídos, S.A.	Development of products and services based on advanced computer flow dynamics modeling (industrial processes and energy simulation). Patented technological platform for producing nano-particles with better performance and easily scaleable.	05/10/04 and Aug to Nov 2007	67%	Fast Change
HOTTRADE Representações, Gestão e Serviços, S.A.	Hottrade as the concession rights to develop and manage of one of the most recent iconic buildings in Porto (Portugal) – Edifício Transparente – with a GLA circa 3800m2.	06/06/15	25%	Fast Change
CTFH	CTFH explores the "Cañas y Tapas" and "Foster Hollywood" concepts, both belonging to Zena (Spain).	April 2007	49%	Fast Change
GUESTCENTRIC	GuestCentric is developing a web based transaction management site for hotels and guest houses. Beta version already under distribution internationally.	07/04/16	6,3%	Fast Change
CEV - Consumo em Verde	CEV will explore the patent Problad, a natural agricultural fungicide produced from a protein extracted from lupin seeds. Currently conducting product homologation in US and Europe, product validation with pilot clients, and planning industrial production	July 2007	15%	Fast Change
CRITICAL LINKS	Spin-off from Critical Software. Critical Links is an appliance software company and provider of edgeBOX, a multi-function business gateway that consolidates data, voice and IT services for small and medium sized businesses.	August 2007	10%	Fast Change
YELLOW ENTERTAINMENT	Produces films and movies for cinema and television	October 2007	20%	Fast Change
MATEACE Electricidade, S.A.	Mateace provides services related to electric lines and power stations. Its clients are power distributors and industrial clients, those with special needs on medium, high and very high voltage power lines.	04/09/13	79%	Real Change
STARZONE Gestão, Marketing e Publicidade S.A.	Starzone provides image, career and marketing management services for “stars” in sports and entertainment; It also provides services in sporting events organization and promotion.	04/12/31	51%	Real Change
BICAVEIRO VENDING, SA	Xisvending is a vending company for food and cold & hot beverages.	09/02/09	49,7%	Real Change
Investvar Comercial SGPS , SA	Investvar Comercial is the exclusive distributor of Aerosoles footwear in EMEA. It also distributes other brands: A2 by Aerosoles, Footglove, Soft & Flexy, and Tout Souplement. Its retail network includes about 140 own stores, and it exports 90% of its production.	August 2007	10,6%	Real Change
ARCO BODEGAS	Arco is currently one of the largest wine producers and marketeers in Spain.	00/01/07	00,6%	Change SGPS